1158 days ago
Chart of the day: Are macro, fundamentals and technicals now being aligned for SILVER?
Chart is from Crescat Capital, Bloomberg. This is NOT an investment recommendation.
1159 days ago
Redditers Bullish thesis on SILVER is based on both "short squeeze" Technicals and Fundamentals
Michal # SQUEEZE THE SILVERSHORTS ! -> Physical silver is an achilles heel of this system and all the banks know it very well. That's why they shorting silver with fake paper contracts from decades like nothing else
1159 days ago
Silver performed extremely well last time we saw such a Democratic sweep across the White House and the Congress
Crescat Capital Q4 letter: "With the new Democratic leadership in place, we believe fiscal extravagance is here to stay. The last time we had such a sweep across the White House and Congress was in early 2009. It is important to note that the precious metals markets took off at that time to have one of their best runs in history over the next two and a half years. As the chart shows, silver went up by 327%. We think the macro setup for gold and silver, and related mining stocks, is even more compelling today. The economy has a major debt imbalance that is now compounding at an incredibly fast pace due to a fiscal and current account deficit problem. In addition, financial markets are tightly dependent on Fed policies to continue to suppress interest rates to allow institutions to service their debt and prevent risky assets from collapsing at historic valuations.
1161 days ago
Little known company New Concept Energy share price soars 1'000%
The WallStreetBets reddit forum has oozed its way to other stocks one of which being a five person gas and oil company producing negligible amounts of the good. The obscure company recently became a $128 million company and all this in a matter of hours. This company lost $0.46 a share on revenues of $590,000 in 2019. Source: FlowOne
1161 days ago
Lumber back at record highs
Lumber prices hit another record high, more than doubling over the last year. Federal Reserve at their meeting this week: "we need much higher inflation to help the little guy during these difficult times and will keep rates at 0% and buying bonds like mad until we get there."
